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T-Mobile Shares Additional Information Regarding Ongoing Cyberattack Investigation

T-Mobile Shares Additional Information Regarding Ongoing Cyberattack Investigation

BELLEVUE, Wash.–(BUSINESS WIRE)–
As we shared yesterday, we have been urgently investigating the highly sophisticated cyberattack against T-Mobile systems, and in an effort to keep our customers and other stakeholders informed we are providing the latest information we have on this event and some additional details:

  • Late last week we were informed of claims made in an online forum that a bad actor had compromised T-Mobile systems. We immediately began an exhaustive investigation into these claims and brought in world-leading cybersecurity experts to help with our assessment.
  • We then located and immediately closed the access point that we believe was used to illegally gain entry to our servers.
  • Yesterday, we were able to verify that a subset of T-Mobile data had been accessed by unauthorized individuals. We also began coordination with law enforcement as our forensic investigation continued.
  • While our investigation is still underway and we continue to learn additional details, we have now been able to confirm that the data stolen from our systems did include some personal information.
  • We have no indication that the data contained in the stolen files included any customer financial information, credit card information, debit or other payment information.
  • Some of the data accessed did include customers’ first and last names, date of birth, SSN, and driver’s license/ID information for a subset of current and former postpay customers and prospective T-Mobile customers.
  • Our preliminary analysis is that approximately 7.8 million current T-Mobile postpaid customer accounts’ information appears to be contained in the stolen files, as well as just over 40 million records of former or prospective customers who had previously applied for credit with T-Mobile. Importantly, no phone numbers, account numbers, PINs, passwords, or financial information were compromised in any of these files of customers or prospective customers.
  • As a result of this finding, we are taking immediate steps to help protect all of the individuals who may be at risk from this cyberattack. Communications will be issued shortly to customers outlining that T-Mobile is:

    • Immediately offering 2 years of free identity protection services with McAfee’s ID Theft Protection Service.
    • Recommending all T-Mobile postpaid customers proactively change their PIN by going online into their T-Mobile account or calling our Customer Care team by dialing 611 on your phone. This precaution is despite the fact that we have no knowledge that any postpaid account PINs were compromised.
    • Offering an extra step to protect your mobile account with our Account Takeover Protection capabilities for postpaid customers, which makes it harder for customer accounts to be fraudulently ported out and stolen.
    • Publishing a unique web page later on Wednesday for one stop information and solutions to help customers take steps to further protect themselves.
  • At this time, we have also been able to confirm approximately 850,000 active T-Mobile prepaid customer names, phone numbers and account PINs were also exposed. We have already proactively reset ALL of the PINs on these accounts to help protect these customers, and we will be notifying accordingly right away. No Metro by T-Mobile, former Sprint prepaid, or Boost customers had their names or PINs exposed.
  • We have also confirmed that there was some additional information from inactive prepaid accounts accessed through prepaid billing files. No customer financial information, credit card information, debit or other payment information or SSN was in this inactive file.

We take our customers’ protection very seriously and we will continue to work around the clock on this forensic investigation to ensure we are taking care of our customers in light of this malicious attack. While our investigation is ongoing, we wanted to share these initial findings even as we may learn additional facts through our investigation that cause the details above to change or evolve.

FORWARD-LOOKING STATEMENTS

This communication includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements of historical fact are forward-looking statements. These forward-looking statements are generally identified by the words “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “could” or similar expressions. Forward-looking statements are based on current expectations and assumptions, which are subject to risks and uncertainties that may cause actual results to differ materially from the forward-looking statements. These risks and uncertainties include those related to the cybersecurity incident discussed above, such as our ability to assess and remedy the cybersecurity incident, and legal, reputational and financial risks resulting from this or other cybersecurity incidents and other risks and uncertainties associated with our business as described in our filings with the Securities and Exchange Commission. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. We undertake no obligation to revise or publicly release the results of any revision to these forward-looking statements, except as required by law.

About T-Mobile

T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile and Metro by T-Mobile. For more information please visit: http://www.t-mobile.com.

T-Mobile US Media Relations

[email protected]

or

Investor Relations

[email protected]

KEYWORDS: United States North America Washington

INDUSTRY KEYWORDS: Internet Data Management Mobile/Wireless Technology Telecommunications

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BeiGene Announces Acceptance by Swissmedic of Marketing Authorization Application for BRUKINSA® (Zanubrutinib) in Waldenström’s Macroglobulinaemia

BeiGene Announces Acceptance by Swissmedic of Marketing Authorization Application for BRUKINSA® (Zanubrutinib) in Waldenström’s Macroglobulinaemia

BASEL, Switzerland–(BUSINESS WIRE)–
BeiGene, Ltd. (NASDAQ: BGNE; HKEX: 06160), a global biotechnology company focused on developing and commercializing innovative medicines worldwide, announced that Swissmedic has accepted the marketing authorization application (MAA) for BRUKINSA, a treatment option for adult patients with Waldenström’s macroglobulinaemia(WM). Swissmedic has started the formal review of the MAA. BRUKINSA has already been granted orphan drug status by Swissmedic.

Swissmedic, the Swiss Agency for Therapeutic Products, reviews new products for market authorization. Within this process, Swissmedic evaluates a product’s quality, safety, and effectiveness through clinical trial data.

Gerwin Winter, Senior Vice President, Head of Commercial, Europe, at BeiGene said: “The acceptance of the marketing authorization application of BRUKINSA by Swissmedic is a crucial step in the development of BRUKINSA for Swiss patients with WM. We are looking forward to continuing our work with the health authorities to bring BRUKINSA to patients living with this rare, incurable blood cancer.”

The MAA is supported by data from the randomized Phase 3 ASPEN clinical trial (NCT03734016), evaluating zanubrutinib compared to ibrutinib in adult patients with WM.1

The approval by Swissmedic would grant marketing authorization for BRUKINSA in WM within Switzerland.

About Waldenström’s Macroglobulinemia

WM is a rare lymphoma representing approximately 1% of all non-Hodgkin lymphomas and typically progresses slowly after diagnosis.2 The disease usually affects older adults and is primarily found in the bone marrow, although lymph nodes and the spleen may be involved.3 Throughout Europe, the estimated incidence rate of WM is approximately 7 for every 1 million men and 4 for every 1 million women.4

About BRUKINSA (zanubrutinib)

BRUKINSA is a small molecule inhibitor of Bruton’s tyrosine kinase (BTK) discovered by BeiGene scientists that is currently being evaluated globally in a broad clinical program as a monotherapy and in combination with other therapies to treat various B-cell malignancies. Because new BTK is continuously synthesized, BRUKINSA was specifically designed to deliver complete and sustained inhibition of the BTK protein by optimizing bioavailability, half-life, and selectivity. With differentiated pharmacokinetics compared to other approved BTK inhibitors, BRUKINSA has been demonstrated to inhibit the proliferation of malignant B cells within a number of disease relevant tissues.

BRUKINSA is currently approved in several regions for various indications.1 To date, more than 30 marketing authorization applications in multiple indications have been submitted covering the United States, the European Union, and more than 20 other countries or regions.

About BeiGene

BeiGene is a global, science-driven biotechnology company focused on developing innovative and affordable medicines to improve treatment outcomes and access for patients worldwide. With a broad portfolio of more than 40 clinical candidates, we are expediting development of our diverse pipeline of novel therapeutics through our own capabilities and collaborations. We are committed to radically improving access to medicines for two billion more people by 2030. BeiGene has a growing global team of approximately 7,000 colleagues across five continents. To learn more about BeiGene, please visit www.beigene.com and follow us on Twitter at @BeiGeneGlobal.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding the filing and potential approval of a marketing authorization application for BRUKINSA in Switzerland, the potential for BRUKINSA to provide clinical benefit to patients, BeiGene’s advancement, anticipated clinical development, regulatory milestones and commercialization of BRUKINSA, and BeiGene’s plans, commitments, aspirations and goals under the heading “About BeiGene”. You should not place undue reliance on these forward-looking statements. Actual results may differ materially from those indicated in the forward-looking statements as a result of various important factors, including BeiGene’s ability to demonstrate the efficacy and safety of its drug candidates; the clinical results for its drug candidates, which may not support further development or marketing approval; actions of regulatory agencies, which may affect the initiation, timing and progress of clinical trials and marketing approval; BeiGene’s ability to achieve commercial success for its marketed medicines and drug candidates, if approved; BeiGene’s ability to obtain and maintain protection of intellectual property for its medicines and technology; BeiGene’s reliance on third parties to conduct drug development, manufacturing and other services; BeiGene’s limited experience in obtaining regulatory approvals and commercializing pharmaceutical products and its ability to obtain additional funding for operations and to complete the development and commercialization of its drug candidates and achieve and maintain profitability; the impact of the COVID-19 pandemic on the BeiGene’s clinical development, regulatory, commercial, and other operations, as well as those risks more fully discussed in the section entitled “Risk Factors” in BeiGene’s most recent quarterly report on Form 10-Q as well as discussions of potential risks, uncertainties, and other important factors in BeiGene’s subsequent filings with the U.S. Securities and Exchange Commission. All information in this press release is as of the date of this press release, and BeiGene undertakes no duty to update such information unless required by law.

* BRUKINSA is currently approved:

– For the treatment of mantle cell lymphoma (MCL) in adult patients who have received at least one prior therapy (United States, November 2019)

– For the treatment of MCL in adult patients who have received at least one prior therapy (China, June 2020)b

– For the treatment of chronic lymphocytic leukemia (CLL) or small lymphocytic lymphoma (SLL) in adult patients who have received at least one prior therapy (China, June 2020)b

– For the treatment of relapsed or refractory MCL (United Arab Emirates, February 2021)

– For the treatment of Waldenström’s macroglobulinemia (WM) in adult patients (Canada, March 2021)

– Registered and reimbursed for the treatment of MCL in patients who have received at least one prior therapy (Israel, April 2021)

– For the treatment of adult patients with WM who have received at least one prior therapy (China, June 2021)b

– For the treatment of MCL in adult patients who have received at least one prior therapy (Canada, July 2021)

a Approved under accelerated approval based on overall response rate. Continued approval for this indication may be contingent upon verification and description of clinical benefit in a confirmatory trial.

b Approved under conditional approval. Complete approval for this indication may be contingent upon results from ongoing randomized, controlled confirmatory clinical trials.

References:

1 Tam CS, et al.A randomized phase 3 trial of zanubrutinib vs ibrutinib in symptomatic Waldenström macroglobulinemia: the ASPEN study. Blood. October 2020. 136(18): 2038-2050.

2 Lymphoma Research Foundation. Getting the Facts: Waldenström Macroglobulinemia. Accessed July 2021. Available at https://lymphoma.org/wp-content/uploads/2020/09/LRF_Factsheet_Waldenstro%CC%88m-Macroglobulinemia_090920.pdf.

3 Lymphoma Research Foundation. Accessed July 2021. Available at https://lymphoma.org/aboutlymphoma/nhl/wm/.

4 Buske, C, et al. Treatment and outcome patterns in European patients with Waldenström’s macroglobulinaemia: a large, observational, retrospective chart review. The Lancet Haematology 2018; 5: e0299-309.

European Office

BeiGene Switzerland GmbH

Aeschengraben 27, 21st Floor

4051 Basel, Switzerland

+41 61-685-1900

[email protected]

Investor Contact

Gabrielle Zhou

+86 10-5895-8058

[email protected]

Media Contact

Liza Heapes or Vivian Ni

+1 857-302-5663 or +1 857-302-7596

[email protected]

 

KEYWORDS: Switzerland Europe

INDUSTRY KEYWORDS: Biotechnology Health Pharmaceutical Clinical Trials Oncology

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McAfee Partners with True Network Solutions to Offer Walmart Customers In-Store and Online Tech Services

McAfee Partners with True Network Solutions to Offer Walmart Customers In-Store and Online Tech Services

The partnership provides greater access to security protection software for PC and mobile Walmart customers nationwide

SAN JOSE, Calif.–(BUSINESS WIRE)–
Today, McAfee is announcing an exclusive retail partnership with True Network Solutions, Inc. Together, the companies are bringing McAfee security solutions to Walmart PC and mobile customers in the US, along with an array of technical service offerings. Offerings include PC Setup, Repair, and Technical Support as well as Mobile Device Setup and Repair services, with McAfee as the sole security software partner through True Network Solutions, within Walmart stores and online.

The partnership is part of the launch of Walmart’s new Technical Services Initiative. Walmart originally began testing a pilot program in select stores by offering both consumer electronics and technology services to their customers. Its success has proven there is an appetite in the market, and the potential for growth is high.

“Our commitment to delivering easy-to-use security solutions is further made possible through this collaboration,” said Pedro Gutierrez, SVP at McAfee. “We are proud to partner with True Network Solutions to give a new set of customers better peace of mind, especially at a time when the need for security solutions is higher than ever as today’s consumers leverage digital devices for nearly all daily activities.”

“McAfee is a leader in security solutions innovation and our partnership brings forth an opportunity for more consumers to protect their devices and home networks,” said the Chief Operating Officer at True Network Solutions. “We look forward to working together in scaling this partnership and building success together.”

The five-year deal supports McAfee’s focus on strengthening key partnerships and expanding distribution in North America.

About True Network Solutions, Inc.

True Network Solutions, Inc. is a dynamic team of disruptive technologists and retail experts focused on providing national omnichannel retailers with the tools, knowledge, and technical resources to successfully sell and deliver services. True Network Solutions, Inc. partners with retailers to offer over 150 different services to consumers and small businesses, ranging from in-home installations to 24/7 tech support subscriptions.

https://www.truenetworksolutions.com/

About McAfee

McAfee is the device-to-cloud cybersecurity company. Inspired by the power of working together, McAfee creates consumer and business solutions that make our world a safer place. www.mcafee.com

McAfee technologies’ features and benefits depend on system configuration and may require enabled hardware, software, or service activation. No computer system can be absolutely secure.

McAfee® and the McAfee logo are trademarks of McAfee, LLC or its subsidiaries in the United States and other countries. Other marks and brands may be claimed as the property of others.

Leeanne Comish

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Technology Mobile/Wireless Department Stores Security Software Networks Internet Retail Consumer Electronics

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JinkoSolar’s subsidiary Signs Long-term Supply Agreement with Wacker for over 70,000 Metric Tons of Polysilicon

PR Newswire

SHANGRAO, China, Aug. 17, 2021 /PRNewswire/ — JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), one of the largest and most innovative solar module manufacturers in the world, today announced that its principal operating subsidiary, Jinko Solar Co., Ltd. has signed a long-term polysilicon supply agreement with Wacker Chemie AG (“Wacker”). According to the agreement, Wacker will supply over 70,000 tons of polysilicon to Jinko Solar Co., Ltd. from September 2021 to December 2026.The purchase price will be decided based on the market price. Wacker will reserve the agreed capacity to Jinko Solar Co., Ltd. and supply polysilicon from its production sites in Germany and the United States.

Mr. Kangping Chen, CEO of Jinko Solar Co., Ltd., commented, “As a leader in the global polysilicon market, Wacker’s products have always been of superior quality. By locking in over 70,000 tons of polysilicon from Wacker, we will ensure the reliability of the manufacturing of our products from a high-quality raw material source, as well as the stable supply of our high efficiency products to our global clients. With the rapid growth in demand for our global shipments, we have always set our sights on the long haul and are working towards reaching long-term partnerships with key raw material suppliers in the PV industry. This ensures we can continue to provide our global clients with a steady supply of more highly efficient and clean products, and to promote the development and advancement of the global PV industry together.”

About JinkoSolar Holding Co., Ltd.

JinkoSolar (NYSE: JKS) is one of the largest and most innovative solar module manufacturers in the world. JinkoSolar distributes its solar products and sells its solutions and services to a diversified international utility, commercial and residential customer base in China, the United States, Japan, Germany, the United Kingdom, Chile, South Africa, India, Mexico, Brazil, the United Arab Emirates, Italy, Spain, France, Belgium, and other countries and regions. JinkoSolar has built a vertically integrated solar product value chain, with an integrated annual capacity of 22 GW for mono wafers, 11.5 GW for solar cells, and 31 GW for solar modules, as of March 31, 2021.

JinkoSolar has 9 productions facilities globally, 22 overseas subsidiaries in Japan, South Korea, Vietnam, India, Turkey, Germany, Italy, Switzerland, United States, Mexico, Brazil, Chile, Australia, Portugal, Canada, Malaysia, UAE, Denmark, and global sales teams in China, United Kingdom, France, Spain, Bulgaria, Greece, Ukraine, Jordan, Saudi Arabia, Tunisia, Morocco, South Africa, Costa Rica, Colombia, Panama, Kazakhstan, Malaysia, Myanmar, Sri Lanka, Thailand, Vietnam, Poland and Argentina, as of March 31, 2021.

To find out more, please see: www.jinkosolar.com 

Safe-Harbor Statement

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends, “plans,” “believes,” “estimates” and similar statements. Among other things, the quotations from management in this press release and the Company’s operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. Further information regarding these and other risks is included in JinkoSolar’s filings with the U.S. Securities and Exchange Commission, including its annual report on Form 20-F. Except as required by law, the Company does not undertake any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

For investor and media inquiries, please contact:

Ms. Stella Wang
JinkoSolar Holding Co., Ltd.
Tel: +86 21-5180-8777 ext.7806
Email: [email protected]

Cision View original content:https://www.prnewswire.com/news-releases/jinkosolars-subsidiary-signs-long-term-supply-agreement-with-wacker-for-over-70-000-metric-tons-of-polysilicon-301357560.html

SOURCE JinkoSolar Holding Co., Ltd.

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Upstart Holdings, Inc. Announces Pricing of Offering of $575,000,000 of 0.25% Convertible Senior Notes Due 2026

Upstart Holdings, Inc. Announces Pricing of Offering of $575,000,000 of 0.25% Convertible Senior Notes Due 2026

SAN MATEO, Calif.–(BUSINESS WIRE)–
Upstart Holdings, Inc. (“Upstart”) (NASDAQ: UPST) today announced the pricing of $575,000,000 aggregate principal amount of Convertible Senior Notes due 2026 (the “notes”) in a private offering (the “offering”) to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act of 1933, as amended (the “Securities Act”). Upstart also granted the initial purchasers of the notes an option to purchase, within a 13-day period beginning on, and including, the date the notes are first issued, up to an additional $86,250,000 aggregate principal amount of the notes. The sale of the notes to the initial purchasers is expected to settle on August 20, 2021, subject to customary closing conditions, and is expected to result in approximately $561.2 million in net proceeds to Upstart after deducting the initial purchasers’ discount and estimated offering expenses payable by Upstart (assuming no exercise of the initial purchasers’ option to purchase additional notes).

The notes will be senior, unsecured obligations of Upstart. The notes will bear interest at a rate of 0.25% per year. Interest will be payable semi-annually in arrears on February 15 and August 15 of each year, beginning on February 15, 2022. The notes will mature on August 15, 2026, unless earlier redeemed, repurchased, or converted. Upstart may not redeem the notes prior to August 20, 2024. Upstart may redeem for cash all or any portion of the notes, at its option, on or after August 20, 2024, if the last reported sale price of Upstart’s common stock has been at least 130% of the conversion price then in effect for at least 20 trading days (whether or not consecutive) during any 30 consecutive trading day period (including the last trading day of such period) ending on, and including, the trading day immediately preceding the date on which Upstart provides notice of redemption at a redemption price equal to 100% of the principal amount of the notes to be redeemed, plus any accrued and unpaid interest to, but excluding, the redemption date. No sinking fund is provided for the notes, which means that Upstart is not required to redeem or retire the notes periodically. Holders of the notes will have the right to require Upstart to repurchase for cash all or a portion of their notes upon the occurrence of a fundamental change (as defined in the indenture governing the notes) at a purchase price of 100% of the principal amount of the notes to be repurchased, plus accrued and unpaid interest to, but excluding, the fundamental change repurchase date.

The notes will be convertible at an initial conversion rate of 3.5056 shares of Upstart’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $285.26 per share, which represents a conversion premium of approximately 42.5% to the last reported sale price of $200.18 per share of Upstart’s common stock on The Nasdaq Global Select Market on August 17, 2021).

Prior to the close of business on the business day immediately preceding May 15, 2026, the notes will be convertible at the option of the noteholders only upon the satisfaction of specified conditions and during certain periods. On or after May 15, 2026 until the close of business on the second scheduled trading day preceding the maturity date, the notes will be convertible at the option of the noteholders at any time regardless of these conditions. Conversions of the notes will be settled in cash, shares of Upstart’s common stock, or a combination thereof, at Upstart’s election.

In connection with the pricing of the notes, Upstart entered into privately negotiated capped call transactions with certain of the initial purchasers or their respective affiliates and other financial institutions (the “option counterparties”). The capped call transactions cover, subject to anti-dilution adjustments, the number of shares of common stock underlying the notes sold in the offering. The capped call transactions are expected generally to reduce the potential dilution to Upstart’s common stock upon any conversion of notes and/or offset any cash payments Upstart is required to make in excess of the principal amount of converted notes, as the case may be, with such reduction and/or offset subject to a cap. The cap price of the capped call transactions is initially $400.36 per share, which represents a premium of 100% over the last reported sale price of Upstart’s common stock of $200.18 per share on August 17, 2021 and is subject to certain adjustments under the terms of the capped call transactions.

Upstart has been advised that, in connection with establishing their initial hedges of the capped call transactions, the option counterparties or their respective affiliates expect to purchase shares of Upstart’s common stock and/or enter into various derivative transactions with respect to the common stock concurrently with or shortly after the pricing of the notes. This activity could increase (or reduce the size of any decrease in) the market price of Upstart’s common stock or the notes at that time. In addition, Upstart expects that the option counterparties or their respective affiliates may modify their hedge positions by entering into or unwinding various derivatives with respect to the common stock and/or by purchasing or selling shares of the common stock or other securities of Upstart in secondary market transactions following the pricing of the notes and prior to the maturity of the notes (and (x) are likely to do so during the observation period for conversions of notes and (y) may do so following any repurchase of notes by Upstart in connection with any fundamental change repurchase or otherwise). This activity could also cause or avoid an increase or a decrease in the market price of the common stock or the notes, which could affect the ability of noteholders to convert the notes and, to the extent the activity occurs following a conversion or during any observation period related to a conversion of the notes, it could affect the number of shares and value of the consideration that noteholders will receive upon conversion of the notes.

Upstart intends to use approximately $50.9 million of the net proceeds from the offering of the notes to pay the cost of the capped call transactions. If the initial purchasers exercise their option to purchase additional notes, Upstart expects to use a portion of the net proceeds from the sale of such additional notes to enter into additional capped call transactions with the option counterparties. Upstart intends to use the remainder of the net proceeds from the offering for general corporate purposes.

The notes were only offered to qualified institutional buyers pursuant to Rule 144A promulgated under the Securities Act by means of a private offering memorandum. Neither the notes nor the shares of Upstart’s common stock potentially issuable upon conversion of the notes, if any, have been, or will be, registered under the Securities Act or the securities laws of any other jurisdiction, and unless so registered, may not be offered or sold in the United States, except pursuant to an applicable exemption from such registration requirements.

This announcement is neither an offer to sell nor a solicitation of an offer to buy any of these securities and shall not constitute an offer, solicitation, or sale in any jurisdiction in which such offer, solicitation, or sale is unlawful.

Investors

Jason Schmidt

Vice President, Investor Relations

[email protected]

Press

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Communications Public Relations/Investor Relations

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MultiPlan Corporation Announces Upsizing and Pricing of Offering of $1.05 Billion of Senior Secured Notes

MultiPlan Corporation Announces Upsizing and Pricing of Offering of $1.05 Billion of Senior Secured Notes

NEW YORK–(BUSINESS WIRE)–
MultiPlan Corporation (NYSE:MPLN) (“MultiPlan” or the “Company”) today announced that its indirect wholly owned subsidiary, MPH Acquisition Holdings LLC (the “Issuer”), priced its offering of $1.05 billion in aggregate principal amount of 5.50% senior secured notes due 2028 (the “Notes”), representing an increase of $275.0 million compared to the previously announced offering size. The Notes are expected to be issued by the Issuer and guaranteed on a full and unconditional basis by each of the Issuer’s wholly owned domestic restricted subsidiaries that guarantees the Issuer’s new senior secured credit facilities, and the Notes and such guarantees will be secured on an equal and ratable basis by the collateral that will secure such new senior secured credit facilities.

The offering of the Notes is expected to close on or about August 24, 2021, subject to closing conditions. The Issuer will use the net proceeds from the offering of the Notes and borrowings under its new $1,325 million senior secured term loan facility (i) to repay all of its indebtedness under its existing senior term loan facility and (ii) to pay fees and expenses in connection therewith.

The Notes and related guarantees are being offered only to persons reasonably believed to be qualified institutional buyers in reliance on Rule 144A under the Securities Act, as amended (the “Securities Act”), and outside the United States, only to non-U.S. persons pursuant to Regulation S. The Notes and related guarantees will not be registered under the Securities Act or any state securities laws and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and applicable state laws.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities described above, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such an offer, solicitation or sale would be unlawful.

About MultiPlan

MultiPlan is committed to helping healthcare payors manage the cost of care, improve their competitiveness and inspire positive change. Leveraging sophisticated technology, data analytics and a team rich with industry experience, MultiPlan interprets clients’ needs and customizes innovative solutions that combine its payment and revenue integrity, network-based and analytics-based services. MultiPlan is a trusted partner to over 700 healthcare payors in the commercial health, government and property and casualty markets.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements often include words such as “anticipate,” “expect,” “suggest,” “plan,” “believe,” “intend,” “project,” “forecast,” “estimates,” “targets,” “projections,” “should,” “could,” “would,” “may,” “might,” “will,” and other similar expressions relating to closing of the offering of the Notes, borrowings under the new credit facility and the anticipated use of proceeds therefrom. Although the Company believes that these forward-looking statements are based on reasonable assumptions at the time they are made, you should be aware that many factors could affect such forward-looking statements. Such forward-looking statements, including those related to the offering, refinancing the Issuer’s indebtedness, and the use of proceeds, are based on current expectations that are subject to known and unknown risks and uncertainties.

Factors that may impact such forward-looking statements include the factors discussed under “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020 and the Company’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2021 and June 30, 2021, as such risk factors may be updated from time to time in the Company’s periodic and other filings with the SEC. The Company’s periodic and other filings are accessible on the SEC’s website at www.sec.gov. You should not rely upon forward-looking statements as predictions of future events. Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, the Company cannot guarantee that the future results, levels of activity, performance and events and circumstances reflected in the forward-looking statements will be achieved or occur. Except as required by applicable law, the Company undertakes no obligation to update publicly any forward-looking statements for any reason after the date of this news release to conform these statements to actual results or to changes in our expectations.

Investor Relations

Luke Montgomery, CFA

SVP, Finance & Investor Relations

MultiPlan

866-909-7427

Shawna Gasik

AVP, Investor Relations

MultiPlan

866-909-7427

Media Relations

Pamela Walker

Senior Director, Marketing & Communication

MultiPlan

781-895-3118

[email protected]

 

 

KEYWORDS: United States North America New York

INDUSTRY KEYWORDS: Professional Services Data Management Technology Finance Software Consulting

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Brian Krolicki Appointed Chairman of Faraday Future’s Board of Directors

Brian Krolicki Appointed Chairman of Faraday Future’s Board of Directors

  • FF’s Board of Directors also adds internet, investment banking and technology veteran Edwin Goh to its ranks
  • FF’s Board is comprised of a diverse group of industry experts in the technology, automotive, finance, regulatory/government, transportation, and energy sectors
  • Board members include FF Global CEO Carsten Breitfeld, Brian Krolicki, Matthias Aydt, Edwin Goh, Lee Liu, Sue Swenson, Jordan Vogel, Scott Vogel, and Bob Ye

LOS ANGELES–(BUSINESS WIRE)–
Faraday Future Intelligent Electric Inc. (“FF”) (NASDAQ: FFIE), a California-based global shared intelligent mobility ecosystem company, today officially announced that FF Board member Brian Krolicki has been appointed as Chairman for FF’s newly formed Board of Directors. Faraday Future’s recently formed nine-member Board of Directors was appointed upon the closing of the business combination between FF and Property Solutions Acquisition Corp. (“PSAC”) on July 21, 2021.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210817005947/en/

Brian Krolicki (Photo: Business Wire)

Brian Krolicki (Photo: Business Wire)

FF is now listed on NASDAQ under the ticker symbol “FFIE.” The I in “FFIE” represents Intelligent and Internet, and E represents Ecosystem and Electric. FF’s flagship electric vehicle (“EV”) – FF 91 – is planned to be launched within 12 months of the closing of the merger.

Mr. Krolicki’s leadership, along with the Board of Directors’ combined years of corporate and public experience, will help guide FF to achieve its vision of creating leading-edge products and technologies for the marketplace. Each director brings critical outside perspective, new creative ideas, and a wealth of industry knowledge to help the company achieve its mission and strategic goals.

“I’m honored that FF, along with the esteemed Board of Directors, have entrusted me to help guide FF in this exciting and pivotal period of the company,” said Mr. Krolicki. “We are all deeply involved in helping FF deliver FF 91 on time to the market next year.”

Mr. Krolicki is a veteran of the private banking industry and a master of municipal finance. He began his career on Wall Street, working with high-profile firms such as Smith Barney and Bankers Trust Company. His 24-year career in public service included four sweeping election victories to the Nevada Constitutional Offices of Lieutenant Governor and State Treasurer. While serving as Nevada’s Treasurer, Brian was elected as President of the National Association of State Treasurers (NAST) and founded the NAST Committee on Corporate Governance. He served as Chairman of the NAST Foundation, which promotes financial literacy and education throughout the nation. He also served as Vice Chairman of Nevada’s Department of Transportation (NDOT) for eight years. Brian is an independent member of the FF Board of Directors, and also serves on the Boards of Vislink Technologies, Inc. and Nevada Nanotech Systems.

FF’s Board of Directors also includes:

Dr. Carsten Breitfeld, Global CEO of FF and a world-renowned expert in electric mobility, with a PhD in mechanical engineering.

Edwin Goh,whohas extensive experience in investment banking in the technology and internet industry. Mr. Goh worked for Barclays Investment Bank in Europe and Asia for over 10 years and most recently served as the Head of Asia Pacific Technology, Media and Telecommunications (TMT). Before joining Barclays, Mr. Goh worked at Goldman Sachs in London and Bain & Company in Singapore and Los Angeles.

Lee Liu, a seasoned tech and internet executive and a human resources expert. Mr. Liu served as Senior Vice President of Human Resources at Baidu Inc., and the Chairman of Baidu Cloud Business. Prior to joining Baidu, Mr. Liu served a variety of management roles in Motorola Inc. across regions and countries, including the Vice President of Global Human Resources.

Sue Swenson, whobrings considerable experience leading global tech companies, including service as Chairperson and Chief Executive Officer of Inseego Corporation (formerly Novatel Wireless), President and Chief Operating Officer of T-Mobile US, Inc., President of Leap Wireless International, Inc., Chief Executive Officer of Cricket Communications, Inc., and Chief Executive Officer of Sage North America. Ms. Swenson also serves on the Boards of Sonim Technologies Inc., Vislink Technologies, Inc., and Harmonic, Inc.

Jordan Vogel, who previously served as Chairman, Co-Chief Executive Officer and Secretary of Property Solutions Acquisition Corp. Mr. Vogel has been actively investing in and managing residential real estate in New York City since 2001 and is Co-Founder and Managing Member of Benchmark Real Estate Group, LLC.

Scott Vogel serves as Managing Member of Vogel Partners, LLC, a private investment and business advisory firm. Prior to Vogel Partners, Mr. Vogel served as Managing Director at Davidson Kempner Capital Management from 2002 to 2016 investing in a diverse set of industries. Mr. Vogel also worked at MPF Investors, LLC and was an investment banker at Chase Securities, Inc. Mr. Vogel also serves on the Boards of Avaya, CBL, Alpha Metallurgical Resources and several private companies.

Matthias Aydt, whocurrently heads the Product Definition and Business Development group at FF.

Bob Ye, who is currently responsible for Business Development and Capital related activities for Asia and China at FF.

The FF 91 Futurist Alliance Edition and FF 91 Futurist models represent the next generation of intelligent internet electric vehicle (EV) products. They are high-performance EVs, all-ability cars, and ultimate robotic vehicles, allowing users to experience the third internet living space. The models also encompass extreme technology, an ultimate user experience and a complete ecosystem.

Both models have an industry-leading 1050 horsepower, a 130kWh battery pack with immersive liquid cooling technology, with performance of 0-60 mph in 2.4 seconds. In addition, both employ tri-motor torque vectoring and rear wheels independently driven and controlled by dual rear motors. Both models are also equipped with the industry‘s only super AP for internet connection at “light speed,” video streaming on the passenger information display, a rear intelligent internet system, an in-car video conferencing system, intelligent seamless entry, FFID face recognition, multi-touch eyes-free control, and zero gravity rear seats with the industry’s largest seating angle of 150 degrees.

All 300 of FF’s limited-edition, invite-only FF 91 Futurist Alliance Edition models (previously known as the FF 91 Alliance Edition) have been pre-ordered. Users can reserve an FF 91 Futurist model now via the FF intelligent APP or FF.com at: https://www.ff.com/us/reserve.

Download the new FF intelligent APP at: https://apps.apple.com/us/app/id1454187098?ls=1 or

https://play.google.com/store/apps/details?id=com.faradayfuture.online

ABOUT FARADAY FUTURE

Established in May 2014, FF is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. Since its inception, FF has implemented numerous innovations relating to its products, technology, business model, profit model, user ecosystem, and governance structure. On July 22, 2021, FF was listed on NASDAQ with the new company name “Faraday Future Intelligent Electric Inc.”, and the ticker symbols “FFIE” for its Class A common stock and “FFIEW” for its warrants. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With its ultimate intelligent techluxury brand positioning, FF’s first flagship product, FF 91 Futurist, is equipped with top-tier product power, representing a high-performance EV, an all-ability car, and an ultimate robotic vehicle, allowing its users to experience the third internet living space.

FOLLOW FARADAY FUTURE:

https://www.ff.com/

https://twitter.com/FaradayFuture

https://www.facebook.com/faradayfuture/

https://www.instagram.com/faradayfuture/

www.linkedin.com/company/faradayfuture

www.linkedin.com/company/faradayfuture

NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside FF’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: costs related to the recently completed business combination; FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and proxy statement/consent solicitation statement/prospectus and other documents previously filed by Property Solutions Acquisition Corp. and filed by Faraday Future Intelligent Electric Inc. from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and FF does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

For Faraday Future

Investors:

[email protected]

Media:

John Schilling

[email protected]

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Luxury Technology Automotive Transportation Travel Alternative Vehicles/Fuels Other Transport Alternative Energy Energy Transport Automotive Manufacturing Manufacturing Retail Internet Environment Mobile/Wireless Hardware

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PSPS UPDATE: PG&E Begins Shutting Off Power For Safety During Offshore Wind Event, Affecting About 51,000 Customers in Small Parts of 18 Counties

PSPS UPDATE: PG&E Begins Shutting Off Power For Safety During Offshore Wind Event, Affecting About 51,000 Customers in Small Parts of 18 Counties

Safety Shutoffs Will Begin Between 5 PM and 10 PM Depending on Location

Weather All Clears Anticipated for Wednesday Afternoon, Allowing Power Restoration to Begin

PG&E to Open 36 Community Resource Centers in 17 Counties to Support Customers

SAN FRANCISCO–(BUSINESS WIRE)–
Pacific Gas and Electric Company (PG&E) confirms that it is in the process of implementing a Public Safety Power Shutoff (PSPS) affecting about 51,000 customers in small portions of 18 counties focused in the Sierra Nevada foothills, the North Coast, the North Valley and the North Bay mountains.

The safety shutoff is due to a combination of dry offshore winds, extreme to exceptional drought conditions and extremely dry vegetation.

Since Saturday, PG&E meteorologists have been tracking the weather system, which could bring sustained winds of up to 40 mph, gusting higher in foothills and mountains. The National Weather Service has issued Fire Weather Watches in the area today through Wednesday based on forecasts for dry, northerly winds and low relative humidity. And the Northern California Geographic Area Coordination Center’s North Operations Predictive Services has issued a high-risk fire warning today through Wednesday due to “an unusually gusty early-season” wind event.

Timeline for safety shutoffs

The times below are estimates and may change (earlier or later) dependent on the dynamic weather environment. Times below as of 5 p.m. on August 17, 2021:

Time

Period

De-energization

Start

Counties

1

5 p.m., Tues 8/17

Shasta, Tehama, Yolo

2

6 p.m., Tues 8/17

Butte, Colusa, Contra Costa, Glenn, Lake, Lassen, Mendocino, Napa, Plumas, Solano, Sonoma

3

7 p.m., Tues 8/17

Trinity

4

10 p.m., Tues 8/17

Alameda, Sierra, Yuba

PG&E anticipates weather “all clears” will occur Wednesday, August 18, in the afternoon with varying times depending on individual locations.

Counties and Customers Potentially Affected

County

Customers

 Medical

 Baseline

Alameda

18

0

Butte

7,221

746

Colusa

568

34

Contra Costa

334

29

Glenn

375

21

Lake

4,563

353

Lassen

58

1

Mendocino

1,138

46

Napa

6,849

277

Plumas

550

16

Shasta

15,836

1,361

Sierra

17

1

Solano

1,093

79

Sonoma

1,864

69

Tehama

9,437

867

Trinity

61

0

Yolo

366

12

Yuba

432

45

*The following Tribal Communities located within these counties will be impacted by this event:

  • Cortina Rancheria, Grindstone Rancheria, Mooretown Rancheria, Pit River (Montgomery Creek), and Round Valley Tribes.

Restoration to Begin Wednesday Afternoon

PG&E will notify customers on Wednesday when the weather system has passed and will provide continuous updates on when to expect the power to turn back on.

Once conditions are clear, our electric crews will begin patrolling in the air depending on the levels of smoke impacting our visibility, in vehicles and on foot to check de-energized lines for hazards or damage to make sure it is safe to restore power. Restoration steps include:

  • Inspect: Our crews will work to visually inspect for potential weather-related damage to the lines, poles and towers.
  • Repair: Where equipment damage is found, PG&E crews work to isolate the damaged area from the rest of the system so other parts of the system can be restored.
  • Restore: Once the poles, towers and lines are safe to energize, PG&E’s Control Center can complete the process and restore power to affected areas.
  • Notification: Customers are notified that power has been restored.

“With these high winds and extremely dry climate conditions, we are focused on customer and community safety. It’s never an easy decision to turn off the power for safety, but it is the right thing to do to keep everyone safe,” said Marlene Santos, PG&E Executive Vice President and Chief Customer Officer. “We understand how disruptive and inconvenient it is to lose power. The sole focus of a PSPS is to keep our customers safe. As soon as this extreme weather passes, our crews will be inspecting our equipment and the vegetation around it, making repairs and restoring power as soon as it’s safe to do so. In the face of extreme and exceptional drought, we must do everything possible to protect lives, homes and businesses. We are incredibly grateful to our customers for their patience as we take the necessary steps to reduce the risk of wildfire across our service area.”

How Customers Can Prepare

  • Use a cell phone or hard-wired phone. Cordless phones do not work without electricity.
  • Use battery-operated flashlights, not candles, which may pose a fire hazard.
  • Unplug or turn off all electric and heat-producing appliances (e.g., air conditioners, washers and dryers, ovens, stoves, irons) to avoid overloading circuits. Overloaded circuits can be a fire hazard once power is restored.
  • Unplug televisions and computers that were in use when the power went out.
  • Leave a single lamp on to alert you when power returns.
  • Keep refrigerator and freezer doors closed, and place extra containers of ice inside to preserve food. A full freezer will remain colder longer.
  • Notify your alarm company if you have an alarm system. Equipment can be affected by outages.
  • Turn your appliances back on one at a time when conditions return to normal.
  • Reset clocks, thermostats and other programmed equipment after power is restored.

Generator Safety

Backup power can be a vital part of any emergency preparedness plan in the event of a power outage. PG&E’s residential and business customers can review key considerations, safety tips, financing and retailer information by visiting pge.com/backuppower.

Community Resource Centers

PG&E will open 36 Community Resource Centers (CRCs) in 17 counties to support customers affected by this event. View the most current list of CRCs at www.pge.com/pspsupdates. CRCs will open Tuesday starting at 5 p.m. and close at 10 p.m. and then reopen at 8 a.m. and close at 10 p.m. for the remainder of the shutoff.

During a Public Safety Power Shutoff (PSPS), we open CRCs where community members can access resources, including:

  • A safe location to meet their basic power needs, such as charging medical equipment and electronic devices.
  • Up-to-date information about the PSPS.
  • Water, snacks and other essential items to reduce hardships to our customers.

To keep our customers and communities safe, all resource centers reflect appropriate COVID-19 health considerations and federal, state and county guidelines.

We are offering 16 outdoor sites to supplement the 20 indoor CRCs and provide more options for customers.

More Customer Resources Than Ever Before

We are doing more to help customers and communities before, during and after PSPS events.

To reduce the effects of PSPS events, we are listening to our customers and responding to feedback by providing more information and better resources. This year, we are:

  • Providing better information via phone, email and text about when power will be turned off and back on
  • Conducting extra outreach to Medical Baseline customers, including additional notifications, phone calls or a doorbell ring, to ensure they’re aware and can make preparations to stay safe
  • Partnering with 10+ more community-based organizations (CBOs) to provide portable batteries and hotel stays to those with medical needs (had 250+ partnerships in 2020)
  • Providing an additional 5,000 batteries (6,500 provided in 2020) covering all interested income qualified Medical Baseline customers in high fire-threat areas
  • Opening more Community Resource Center (CRC) locations (targeting 370 total sites in 2021)
  • Providing an option for non-account holders to receive a direct notification in advance of and during a PSPS for any addresses of interest
  • Offering rebate programs for customers who rely on well water and purchase generation
  • Providing emergency information in 16 languages and partnering with CBOs to conduct multilingual outreach
  • Increasing meal replacement options from local food banks to cover every county likely to be impacted (46 in 2021, compared to 36 in 2020).

Here’s Where to Learn More

  • PG&E’s emergency website (www.pge.com/pspsupdates) is now available in 16 languages: English, Spanish, Chinese, Tagalog, Russian, Vietnamese, Korean, Farsi, Arabic, Hmong, Khmer, Punjabi, Japanese, Thai, Portuguese and Hindi. Customers will have the opportunity to choose their language of preference for viewing the information when visiting the website.
  • Customers are encouraged to update their contact information and indicate their preferred language for notifications by visiting www.pge.com/mywildfirealerts or by calling 1-800-742-5000, where in-language support is available.
  • Tenants and non-account holders can sign up to receive PSPS ZIP Code Alerts for any area where you do not have a PG&E account by visiting www.pge.com/pspszipcodealerts.
  • At PG&E’s Safety Action Center (www.safetyactioncenter.pge.com) customers can prepare for emergencies. By using the “Make Your Own Emergency Plan” tool and answering a few short questions, visitors to the website can compile and organize the important information needed for a personalized family emergency plan. This includes phone numbers, escape routes and a family meeting location if an evacuation is necessary.

About PG&E

Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.

MEDIA RELATIONS:

415-973-5930

KEYWORDS: United States North America California

INDUSTRY KEYWORDS: Energy Utilities Oil/Gas

MEDIA:

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BlackBerry Statement on Our Public Notice Today Regarding Older Versions of QNX Operating System

PR Newswire

WATERLOO, ON, Aug. 17, 2021 /PRNewswire/ — The safety and security of our customers and the public is BlackBerry’s top priority. BlackBerry issued a public advisory today identifying an integer overflow issue with multiple Real Time Operating Systems (RTOS) from multiple vendors, including older versions of the QNX RTOS.

BlackBerry is aware of this matter and can confirm that it does not impact current or recent versions of the QNX RTOS, but rather versions dating from 2012 and earlier. 

All potentially affected customers have been notified. BlackBerry has made software patches available to resolve the matter. Additionally, BlackBerry is providing 24/7 support to customers as required. At this time no customers have indicated that they have been impacted. 

Keeping our software secure is imperative to BlackBerry and the company takes its critical role in other companies embedded software supply chains with the utmost seriousness.

BlackBerry is assisting relevant Government agencies and other industry groups. For further details please consult today’s public advisory.

About BlackBerry
BlackBerry (NYSE: BB; TSX: BB) provides intelligent security software and services to enterprises and governments around the world. The company secures more than 500M endpoints including over 195M vehicles. Based in Waterloo, Ontario, the company leverages AI and machine learning to deliver innovative solutions in the areas of cybersecurity, safety and data privacy solutions, and is a leader in the areas of endpoint security, endpoint management, encryption, and embedded systems. BlackBerry’s vision is clear – to secure a connected future you can trust.

BlackBerry. Intelligent Security. Everywhere.

For more information, visit BlackBerry.com and follow @BlackBerry.

Trademarks, including but not limited to BLACKBERRY and EMBLEM Design are the trademarks or registered trademarks of BlackBerry Limited, and the exclusive rights to such trademarks are expressly reserved. All other trademarks are the property of their respective owners. BlackBerry is not responsible for any third-party products or services.

Media Contact:

BlackBerry Media Relations

+1 (519) 597-7273

[email protected]

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SOURCE BlackBerry Limited

Posted on

Cathay Bank Foundation Announces Donation To Support Our Community Working To Promote Diversity And Combat Anti-Asian Hate

PR Newswire

LOS ANGELES, Aug. 17, 2021 /PRNewswire/ — Cathay Bank Foundation announced today that it will make a grant of $100,000 each to five non-profit organizations: Stop AAPI Hate, the Asian Pacific Policy and Planning Council (A3PCON), the Chinese for Affirmative Action (CAA), the Asian American Education Project (AAEdu), and the Asian Americans Advancing Justice–Los Angeles. In addition, ten added organizations will each receive a donation, ranging from $15,000 to $50,000. These grants are part of the distribution of the $1 million donation from Cathay Bank to the Foundation earlier this year, to be used towards supporting organizations and work to promote diverse communities and combat anti-Asian hate crimes and xenophobia.

“We are proud to support these esteemed organizations in the fight against racism and xenophobia,” said Peter Wu, Vice Chairman of Cathay Bank and Chairman of Cathay Bank Foundation. “We believe these donations will go a long way toward fostering a more inclusive culture for all.”

Deborah Ching, Co-Chair of the Cathay Bank Foundation says, “The strategy behind our donation is to invest in diversity education, and plant seeds of change in perceptions and attitudes towards Asians for future generations. We support our community who is working tirelessly to address hate violence against Asians and others, by providing important community resources.”

The representative of Stop AAPI Hate, A3PCON, and CAA, Manjusha Kulkarni, thanked Cathay Bank and the Cathay Bank Foundation for its donation. “We are grateful for the resources provided by Cathay, which will enable our coalition to continue to raise awareness about anti-Asian hate and discrimination and seek to address the racism through the provision of resources and assistance to AAPI community members,” said Kulkarni.

“As we tackle the current tide of anti-Asian violence, we appreciate the foresight of the Cathay Bank Foundation to support long term education to challenge the roots of ignorance and misunderstanding especially with our youth from all backgrounds,” said Stewart Kwoh, the Co-Founder of Asian American Education Project.

Connie Chung Joe, CEO of Asian Americans Advancing Justice in Los Angeles, also expressed her gratitude towards the support. “As we continue to see the rise in anti-Asian hate as our community is unfairly scapegoated for this pandemic, we applaud our API business leaders like Cathay Bank who are committed to fighting against insidious racism and supporting our community members. We are so grateful to Cathay Bank’s support as we work towards a just and equitable world,” said Joe.

Below is additional information on the five non-profit organizations.

  • Stop AAPI Hate, formed in 2020, runs the Stop AAPI Hate Reporting Center that tracks incidents of hate and discrimination against Asian Americans and Pacific Islanders in the U.S. Stop AAPI Hate has recorded 6,603 incidents reported between March 19, 2020 and March 31, 2021.
  • Asian Pacific Policy and Planning Council (A3PCON) is a coalition of community-based organizations that advocates for the rights and needs of Asian and Pacific Islander American (APIA) communities in the greater Los Angeles area, with a focus on low income, immigrant, refugee and other disadvantaged sectors of the population.
  • Chinese for Affirmative Action (CAA) advocates for systemic change that protects immigrant rights, promotes language diversity, and remedies racial and social injustice for Asian American and Pacific Islander communities, working to end the US Department of Justice’s practice of targeting Chinese Americans for espionage-related crimes.
  • Asian American Education Project (AAEdu) creates lesson plans that educate youth and children about the true histories of Asian Americans and Pacific Islanders, with the goal of having long-term impact through future generations.
  • Asian Americans Advancing Justice – Los Angeles advances the civil and human rights for Asian Americans and builds and promotes a fair and equitable society for all. The organization serves more than 15,000 individuals and organizations every year. The Cathay Bank Foundation has supported this organization since 2016.

The following 10 organizations will each receive a grant, in amount respective to their names.

  • Chinese American Museum ($50,000)
  • LAAUNCH ($50,000)
  • Southern California Public Radio ($50,000)
  • LA vs Hate ($50,000)
  • Asian Americans Advancing Justice-San Francisco-Asian Law Caucus ($50,000)
  • UCLA Labor Center ($50,000)
  • Asian Law Alliance ($15,000)
  • Center for Asian Americans United for Self-Empowerment ($15,000)
  • Chinatown Service Center ($15,000)
  • Coalition for Humane Immigrant Rights ($15,000)

About Cathay Bank Foundation
Cathay Bank Foundation, founded in 2002, has a mission to create opportunities in the areas of affordable housing, community and economic development, and education. The foundation also supports programs focusing on culture and arts, health and welfare, and environmental and human services that benefit the communities at large. Visit cathaybankfoundation.org for more information.

About Cathay Bank
Cathay Bank, a subsidiary of Cathay General Bancorp (Nasdaq: CATY), offers a wide range of financial services through nine states in the U.S. as well as a branch in Hong Kong and representative offices in Beijing, Shanghai, and Taipei. Founded in 1962 to support Los Angeles’ growing Chinese American community, in the past half century the bank has expanded and grown with its customers, providing them with the tools and services they need to achieve their goals. Learn more at cathaybank.com. FDIC insurance coverage is limited to deposit accounts at Cathay Bank’s U.S. domestic branch locations.

Contact:

Chris Lu

(626) 279-3837

 

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SOURCE Cathay Bank